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Advanced TA SearchArchive
- 5/3/2024 -
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Brown-Form (BF.B) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Brown-Form (BF.B). During the week, the BF.B gave back -0.21 points, or -0.44%, and closed at 47.92 on Friday, May 3, 2024. Weekly volume was 13% above average.
BF.B is a member of Consumer Staples Sector. Consumer Staples is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See BF.B long-term trend chart]
A long-term downtrend had started on August 17, 2022 at 78.15 and reached 47.06 on May 1, 2024. BF.B lost 31.09 points, or 39.78%, in 89 weeks. Price is near the trend low.
 Medium-term trend: [See BF.B medium-term trend chart]
A medium-term downtrend had started on March 5, 2024 at 60.97 and reached 47.06 on May 1, 2024. BF.B lost 13.91 points, or 22.81%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (48.01). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BF.B weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See BF.B short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 47.06 and reached 48.60 on May 3, 2024. BF.B gained -1.54 points, or -3.27%, in 2 days. The price is now at the 44.16% retracement level.
 Daily Technical Indicators: [See BF.B daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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